The Sandton Convention Centre was a buzz of activity on Monday, 11 November as thousands of investors gathered under one roof to explore investment opportunities in Africa under the African Investment Forum (AIF).
The African Investment Forum, is an initiative by the African Development Bank in partnership with the National department of Treasury and the Gauteng Provincial Government, which seeks to showcase bankable African projects to potential investors who wish to invest in the continent.
This year’s forum is a follow up to the inaugural forum that took place last year between 7-9 November which secured an estimated $ 38 billion worth of investment. It is anticipated that this figure will be exceeded by this year’s forum.
Addressing the opening ceremony of the AIF, Premier Makhura said the Africa Investment Forum is the most potent investment platform that brings investors and policymakers together to focus on the kind of investment deals that will change the African continent forever.
“The AIF is helping to move Africa from talk shops to action labs. We are here to look at game-changing deals, not fiery speeches and empty talk,” added Premier Makhura.
The three days forum is attended by more than two thousand delegates from 109 countries – 48 African countries and 61 countries in Asia, Europe and the Americas, which includes Heads of State, government leaders as well as business leaders from all over the continent.
Africa is endowed with major resources such as its minerals and agricultural resources. However, Premier Makhura said the continent’s greatest resource is its people – its youthful population and entrepreneurial and resilient women.
“Investing in education, healthcare and promoting the sustainable funding of small, micro and medium enterprises into which millions of women and young people are involved, is crucial for the future of Africa,” added Premier Makhura.
The forum is currently underway at the Sandton Convention Centre, North of Johannesburg.
Source: Gauteng Province